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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

Quarterly Schedule of Portfolio Holdings of Registered

Management Investment Company

 

Investment Company Act file number:   811-21786

 

ING Global Advantage and Premium
Opportunity Fund

(Exact name of registrant as specified in charter)

 

7337 East Doubletree Ranch Rd., Scottsdale, AZ 85258

(Address of principal executive offices)           (Zip code)

 

Huey P. Falgout, Jr., 7337 East Doubletree Ranch Road, Scottsdale, AZ 85258

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: 1-800-992-0180

 

Date of fiscal year end:

February 28

 

 

Date of reporting period:

May 31, 2010

 



 

Item 1. Schedule of Investments

 

The schedules of investments as of the close of the reporting period are set forth below for:

 

ING Global Advantage and Premium Opportunity Fund

 

The schedules are not audited.

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of May 31, 2010 (Unaudited)

 

Shares

 

 

 

 

 

Value

 

COMMON STOCK: 93.1%

 

 

 

 

 

 

 

Australia: 3.0%

 

 

 

44,912

 

 

 

Amcor Ltd.

 

$

233,343

 

5,170

 

 

 

AMP Ltd.

 

24,570

 

76,740

 

@

 

Asciano Group

 

102,952

 

5,002

 

 

 

ASX Ltd.

 

131,210

 

29,250

 

 

 

Australia & New Zealand Banking Group Ltd.

 

553,573

 

12,494

 

 

 

Bendigo Bank Ltd.

 

89,269

 

31,337

 

 

 

BHP Billiton Ltd.

 

1,016,577

 

110,772

 

 

 

BlueScope Steel Ltd.

 

213,939

 

8,462

 

 

 

Brambles Ltd.

 

46,599

 

17,137

 

 

 

Commonwealth Bank of Australia

 

750,833

 

8,328

 

 

 

Computershare Ltd.

 

76,167

 

23,064

 

 

 

Crown Ltd.

 

149,528

 

8,289

 

 

 

CSL Ltd.

 

219,632

 

15,260

 

 

 

Goodman Fielder Ltd.

 

17,490

 

2,873

 

 

 

Macquarie Group Ltd.

 

105,938

 

18,329

 

 

 

National Australia Bank Ltd.

 

381,850

 

1,075

 

 

 

Newcrest Mining Ltd.

 

28,995

 

27,581

 

 

 

OneSteel Ltd.

 

74,363

 

1,220

 

 

 

Orica Ltd.

 

25,968

 

21,156

 

 

 

Origin Energy Ltd.

 

265,698

 

137,583

 

@

 

Qantas Airways Ltd.

 

283,410

 

5,237

 

 

 

QBE Insurance Group Ltd.

 

86,369

 

2,497

 

 

 

Rio Tinto Ltd.

 

142,329

 

22,560

 

 

 

Suncorp-Metway Ltd.

 

154,278

 

20,083

 

 

 

Wesfarmers Ltd.

 

488,569

 

33,706

 

 

 

Westpac Banking Corp.

 

661,557

 

3,660

 

 

 

Woodside Petroleum Ltd.

 

133,703

 

15,166

 

 

 

Woolworths Ltd.

 

338,144

 

5,699

 

 

 

WorleyParsons Ltd.

 

119,551

 

 

 

 

 

 

 

6,916,404

 

 

 

 

 

Austria: 0.2%

 

 

 

1,170

 

 

 

Erste Bank der Oesterreichischen Sparkassen AG

 

41,123

 

8,084

 

 

 

Voestalpine AG

 

223,705

 

1,979

 

@

 

Wiener Staedtische Allgemeine Versicherung AG

 

81,882

 

 

 

 

 

 

 

346,710

 

 

 

 

 

Barbados: 0.3%

 

 

 

33,900

 

@, S

 

Nabors Industries Ltd.

 

645,117

 

 

 

 

 

 

 

645,117

 

 

 

 

 

Belgium: 0.5%

 

 

 

14,362

 

 

 

Anheuser-Busch InBev NV

 

683,692

 

24,304

 

@

 

Anheuser-Busch InBev NV

 

89

 

18,284

 

 

 

Fortis

 

46,292

 

1,772

 

 

 

Groupe Bruxelles Lambert S.A.

 

126,922

 

5,787

 

 

 

UCB S.A.

 

189,846

 

 

 

 

 

 

 

1,046,841

 

 

 

 

 

Denmark: 0.2%

 

 

 

1,652

 

@

 

Danske Bank A/S

 

33,206

 

6,566

 

 

 

Novo-Nordisk A/S

 

502,732

 

 

 

 

 

 

 

535,938

 

 

 

 

 

Finland: 0.4%

 

 

 

6,108

 

 

 

Metso OYJ

 

190,405

 

24,642

 

 

 

Nokia OYJ

 

247,543

 

9,037

 

 

 

Nokian Renkaat OYJ

 

208,667

 

858

 

 

 

Sampo OYJ

 

18,064

 

7,980

 

 

 

Wartsila OYJ

 

340,226

 

 

 

 

 

 

 

1,004,905

 

 

 

 

 

France: 3.1%

 

 

 

985

 

 

 

Air Liquide

 

94,868

 

17,887

 

 

 

AXA S.A.

 

291,002

 

10,710

 

 

 

BNP Paribas

 

606,827

 

14,342

 

 

 

Carrefour S.A.

 

587,852

 

862

 

 

 

Casino Guichard Perrachon S.A.

 

65,772

 

1,273

 

 

 

CNP Assurances

 

88,611

 

6,613

 

 

 

Compagnie Generale des Etablissements Michelin

 

436,079

 

14,929

 

 

 

Credit Agricole S.A.

 

160,480

 

26,281

 

 

 

France Telecom S.A.

 

496,782

 

1,312

 

 

 

Gaz de France

 

40,586

 

22,800

 

 

 

Groupe Eurotunnel S.A.

 

174,763

 

4,806

 

 

 

Lafarge S.A.

 

274,078

 

11,297

 

@

 

Renault S.A.

 

400,390

 

8,938

 

 

 

Sanofi-Aventis

 

535,029

 

5,850

 

 

 

Schneider Electric S.A.

 

576,339

 

6,053

 

 

 

Scor S.A.

 

116,592

 

7,982

 

@

 

Societe Generale

 

341,542

 

2,471

 

 

 

Societe Television Francaise (T.F.1)

 

34,774

 

653

 

 

 

Sodexho Alliance S.A.

 

36,620

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of May 31, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

 

France (continued)

 

 

 

3,541

 

 

 

Technip S.A.

 

$

228,916

 

15,973

 

 

 

Total S.A.

 

739,969

 

1,709

 

 

 

Vallourec

 

312,989

 

23,091

 

 

 

Vivendi

 

496,624

 

 

 

 

 

 

 

7,137,484

 

 

 

 

 

Germany: 2.7%

 

 

 

3,711

 

 

 

Allianz AG

 

370,738

 

8,683

 

 

 

BASF AG

 

456,918

 

5,670

 

 

 

Bayer AG

 

317,276

 

1,842

 

@

 

DaimlerChrysler AG

 

91,145

 

7,222

 

 

 

Deutsche Bank AG

 

429,743

 

837

 

 

 

Deutsche Boerse AG

 

51,213

 

43,726

 

 

 

Deutsche Telekom AG

 

490,050

 

9,037

 

 

 

E.ON AG

 

273,834

 

2,308

 

 

 

Hannover Rueckversicheru - Reg

 

98,794

 

7,675

 

 

 

HeidelbergCement AG

 

406,540

 

1,302

 

 

 

Henkel KGaA

 

51,801

 

484

 

 

 

Hochtief AG

 

31,058

 

28,888

 

@

 

Infineon Technologies AG

 

161,440

 

4,936

 

 

 

Linde AG

 

506,035

 

2,574

 

 

 

Muenchener Rueckversicherungs AG

 

326,374

 

7,430

 

 

 

RWE AG

 

534,755

 

12,508

 

@

 

SAP AG

 

529,347

 

9,718

 

 

 

Siemens AG

 

874,326

 

14,474

 

@

 

United Internet AG

 

183,421

 

 

 

 

 

 

 

6,184,808

 

 

 

 

 

Greece: 0.3%

 

 

 

9,777

 

@

 

EFG Eurobank Ergasias S.A.

 

48,952

 

22,129

 

 

 

Hellenic Telecommunications Organization S.A.

 

184,592

 

1,470

 

@

 

National Bank of Greece S.A.

 

17,784

 

23,070

 

@

 

Public Power Corp.

 

357,533

 

 

 

 

 

 

 

608,861

 

 

 

 

 

Hong Kong: 1.0%

 

 

 

70,500

 

 

 

BOC Hong Kong Holdings Ltd.

 

157,119

 

7,000

 

 

 

Cheung Kong Holdings Ltd.

 

79,106

 

27,500

 

 

 

CLP Holdings Ltd.

 

193,419

 

3,800

 

 

 

Hang Seng Bank Ltd.

 

50,848

 

33,800

 

 

 

Hong Kong & China Gas

 

74,081

 

5,200

 

 

 

Hong Kong Exchanges and Clearing Ltd.

 

80,221

 

24,000

 

 

 

HongKong Electric Holdings

 

141,727

 

77,000

 

 

 

Hutchison Whampoa Ltd.

 

480,107

 

33,000

 

 

 

Hysan Development Co., Ltd.

 

85,847

 

8,000

 

 

 

Li & Fung Ltd.

 

35,330

 

16,000

 

 

 

New World Development Ltd.

 

25,777

 

594,000

 

 

 

PCCW Ltd.

 

158,894

 

24,000

 

 

 

Shangri-La Asia Ltd.

 

42,095

 

21,000

 

 

 

Sun Hung Kai Properties Ltd.

 

278,247

 

15,500

 

 

 

Swire Pacific Ltd.

 

167,604

 

24,000

 

 

 

Wharf Holdings Ltd.

 

117,612

 

28,000

 

 

 

Wheelock & Co., Ltd.

 

73,579

 

 

 

 

 

 

 

2,241,613

 

 

 

 

 

Italy: 1.3%

 

 

 

1,922

 

 

 

Altantia S.p.A.

 

35,478

 

8,438

 

 

 

Assicurazioni Generali S.p.A.

 

152,504

 

1,657

 

@

 

Autogrill S.p.A.

 

18,235

 

18,482

 

 

 

Banca Popolare di Milano Scrl

 

77,426

 

12,409

 

 

 

Banche Popolari Unite Scpa

 

110,644

 

139,876

 

 

 

Enel S.p.A.

 

638,415

 

38,350

 

 

 

ENI S.p.A.

 

718,603

 

107,796

 

 

 

Intesa Sanpaolo S.p.A.

 

280,777

 

27,289

 

 

 

Intesa Sanpaolo S.p.A. - RNC

 

55,271

 

49,752

 

 

 

Mediaset S.p.A.

 

308,162

 

1,736

 

@

 

Mediobanca S.p.A.

 

13,037

 

11,024

 

 

 

Saipem S.p.A.

 

340,134

 

123,367

 

 

 

UniCredito Italiano S.p.A.

 

255,930

 

 

 

 

 

 

 

3,004,616

 

 

 

 

 

Japan: 9.0%

 

 

 

20,000

 

 

 

77 Bank Ltd.

 

102,575

 

10,000

 

 

 

Aeon Co., Ltd.

 

103,145

 

2,700

 

 

 

Aeon Credit Service Co., Ltd.

 

26,139

 

8,000

 

 

 

Aisin Seiki Co., Ltd.

 

222,818

 

18,000

 

 

 

Asahi Glass Co., Ltd.

 

188,878

 

12,000

 

 

 

Bank of Kyoto Ltd.

 

94,987

 

14,642

 

 

 

Bridgestone Corp.

 

235,700

 

26,400

 

 

 

Brother Industries Ltd.

 

289,134

 

2,700

 

 

 

Canon Sales Co., Inc.

 

39,425

 

4,600

 

 

 

Canon, Inc.

 

188,024

 

9,000

 

 

 

Chiba Bank Ltd.

 

54,423

 

18,000

 

 

 

Chubu Electric Power Co., Inc.

 

414,880

 

7,400

 

 

 

Credit Saison Co., Ltd.

 

83,889

 

27

 

 

 

Dai-ichi Life Insurance Co. Ltd.

 

43,985

 

24,400

 

 

 

Dainippon Sumitomo Pharma Co., Ltd.

 

190,030

 

8,581

 

 

 

East Japan Railway Co.

 

545,043

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of May 31, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

 

Japan (continued)

 

 

 

2,700

 

 

 

Eisai Co., Ltd.

 

$

88,046

 

5,000

 

 

 

Fuji Heavy Industries Ltd.

 

28,117

 

1,200

 

 

 

Fuji Photo Film Co., Ltd.

 

35,344

 

29,000

 

 

 

Fukuoka Financial Group, Inc.

 

119,880

 

19,000

 

 

 

Gunma Bank Ltd.

 

96,988

 

53,000

 

 

 

Hokugin Financial Group, Inc.

 

95,420

 

14,500

 

 

 

Honda Motor Co., Ltd.

 

440,715

 

6,900

 

 

 

Hoya Corp.

 

163,903

 

2,500

 

 

 

Idemitsu Kosan Co., Ltd.

 

182,989

 

57,000

 

 

 

Itochu Corp.

 

469,464

 

1,500

 

 

 

Japan Petroleum Exploration Co.

 

68,047

 

34

 

 

 

Japan Tobacco, Inc.

 

106,662

 

15,500

 

 

 

JFE Holdings, Inc.

 

510,373

 

11,000

 

 

 

Kajima Corp.

 

25,769

 

800

 

 

 

Kansai Electric Power Co., Inc.

 

18,293

 

10,400

 

 

 

Kao Corp.

 

221,529

 

19,000

 

 

 

Keisei Electric Railway Co., Ltd.

 

102,825

 

25,000

 

 

 

Kirin Brewery Co., Ltd.

 

334,626

 

9,000

 

 

 

Konica Minolta Holdings, Inc.

 

98,363

 

4,500

 

 

 

Kuraray Co., Ltd.

 

54,962

 

16,635

 

 

 

Kyushu Electric Power Co., Inc.

 

338,944

 

5,500

 

 

 

Mabuchi Motor Co., Ltd.

 

276,824

 

7,200

 

 

 

Makita Corp.

 

196,996

 

80,000

 

 

 

Mazda Motor Corp.

 

204,940

 

28,800

 

 

 

Mitsubishi Corp.

 

648,563

 

14,000

 

 

 

Mitsubishi Estate Co., Ltd.

 

214,884

 

67,000

 

 

 

Mitsubishi Gas Chemical Co., Inc.

 

362,719

 

144,200

 

 

 

Mitsubishi UFJ Financial Group, Inc.

 

698,314

 

42,400

 

 

 

Mitsui & Co., Ltd.

 

607,790

 

9,497

 

 

 

Mitsui Fudosan Co., Ltd.

 

143,723

 

8,500

 

 

 

Mitsui Sumitomo Insurance Group Holdings, Inc.

 

207,290

 

100,703

 

 

 

Mizuho Financial Group, Inc.

 

181,272

 

7,300

 

 

 

Murata Manufacturing Co., Ltd.

 

354,693

 

3,500

 

 

 

Nidec Corp.

 

318,246

 

900

 

 

 

Nintendo Co., Ltd.

 

261,684

 

23,000

 

 

 

Nippon Electric Glass Co., Ltd.

 

295,888

 

119,000

 

 

 

Nippon Steel Corp.

 

410,968

 

9,400

 

 

 

Nippon Telegraph & Telephone Corp.

 

385,503

 

101,000

 

 

 

Nippon Yusen KK

 

360,668

 

35,163

 

 

 

Nishi-Nippon City Bank Ltd.

 

96,036

 

42,800

 

@

 

Nissan Motor Co., Ltd.

 

307,892

 

3,300

 

 

 

Nissha Printing Co., Ltd.

 

97,780

 

29,500

 

 

 

Nisshin Seifun Group, Inc.

 

325,156

 

9,800

 

 

 

Nitto Denko Corp.

 

347,131

 

5,579

 

@

 

NKSJ Holdings, Inc.

 

34,182

 

26,600

 

 

 

Nomura Holdings, Inc.

 

164,081

 

234

 

 

 

NTT DoCoMo, Inc.

 

349,938

 

110

 

 

 

NTT Urban Development Corp.

 

90,843

 

2,600

 

 

 

Oriental Land Co., Ltd.

 

197,632

 

24,000

 

 

 

Ricoh Co., Ltd.

 

341,462

 

4,600

 

 

 

Rohm Co., Ltd.

 

291,468

 

8,208

 

 

 

Sankyo Co., Ltd.

 

354,803

 

23,400

 

 

 

Sapporo Hokuyo Holdings, Inc.

 

85,777

 

5,500

 

 

 

Sega Sammy Holdings, Inc.

 

69,656

 

4,300

 

 

 

Shinko Electric Industries

 

61,696

 

92,000

 

 

 

Shinsei Bank Ltd.

 

93,066

 

1,000

 

 

 

Softbank Corp.

 

24,087

 

14,900

 

 

 

Sony Corp.

 

459,114

 

42,100

 

 

 

Sumitomo Corp.

 

456,732

 

35,812

 

 

 

Sumitomo Electric Industries Ltd.

 

422,595

 

10,200

 

 

 

Sumitomo Mitsui Financial Group, Inc.

 

303,166

 

7,800

 

 

 

Sumitomo Rubber Industries, Inc.

 

69,221

 

5,142

 

 

 

Sumitomo Trust & Banking Co., Ltd.

 

27,439

 

3,750

 

 

 

T&D Holdings, Inc.

 

87,162

 

13,632

 

 

 

Takeda Pharmaceutical Co., Ltd.

 

559,976

 

6,700

 

 

 

Terumo Corp.

 

312,893

 

16,900

 

 

 

Tohoku Electric Power Co., Inc.

 

333,855

 

9,989

 

 

 

Tokio Marine Holdings, Inc.

 

276,181

 

3,700

 

 

 

Tokyo Electric Power Co., Inc.

 

91,623

 

9,000

 

 

 

Toppan Printing Co., Ltd.

 

74,828

 

10,000

 

 

 

Tosoh Corp.

 

26,553

 

26,900

 

 

 

Toyota Motor Corp.

 

974,068

 

5,340

 

 

 

USS Co., Ltd.

 

348,438

 

6,000

 

 

 

Yamaguchi Financial Group, Inc.

 

56,691

 

 

 

 

 

 

 

20,768,520

 

 

 

 

 

Kazakhstan: 0.1%

 

 

 

22,539

 

 

 

Eurasian Natural Resources Corp.

 

323,927

 

 

 

 

 

 

 

323,927

 

 

 

 

 

Netherlands: 2.5%

 

 

 

8,939

 

@

 

Aegon NV

 

50,353

 

10,455

 

 

 

Boskalis Westminster

 

390,718

 

5,877

 

 

 

Fugro NV

 

302,840

 

3,028

 

 

 

Heineken NV

 

128,997

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of May 31, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

 

Netherlands (continued)

 

 

 

31,800

 

@

 

James Hardie Industries NV

 

$

197,210

 

1,372

 

 

 

Koninklijke DSM NV

 

54,198

 

21,036

 

 

 

Koninklijke Philips Electronics NV

 

623,682

 

2,880

 

 

 

Koninklijke Vopak NV

 

109,122

 

8,366

 

@

 

Randstad Holdings NV

 

345,915

 

35,991

 

 

 

Royal Dutch Shell PLC - Class A

 

944,234

 

40,693

 

 

 

Royal Dutch Shell PLC - Class B

 

1,023,941

 

28,820

 

 

 

Royal KPN NV

 

371,847

 

15,487

 

 

 

TNT NV

 

387,580

 

29,244

 

 

 

Unilever NV

 

793,554

 

 

 

 

 

 

 

5,724,191

 

 

 

 

 

New Zealand: 0.0%

 

 

 

19,408

 

 

 

Telecom Corp. of New Zealand Ltd.

 

24,540

 

 

 

 

 

 

 

24,540

 

 

 

 

 

Norway: 0.0%

 

 

 

2,610

 

 

 

DnB NOR ASA

 

25,931

 

 

 

 

 

 

 

25,931

 

 

 

 

 

Portugal: 0.2%

 

 

 

39,838

 

 

 

Jeronimo Martins

 

364,114

 

 

 

 

 

 

 

364,114

 

 

 

 

 

Singapore: 0.4%

 

 

 

25,000

 

 

 

DBS Group Holdings Ltd.

 

246,112

 

15,000

 

 

 

Jardine Cycle & Carriage Ltd.

 

297,078

 

13,000

 

 

 

Oversea-Chinese Banking Corp.

 

77,498

 

7,000

 

 

 

Singapore Exchange Ltd.

 

36,852

 

9,000

 

 

 

Singapore Telecommunications Ltd.

 

18,431

 

73,000

 

 

 

StarHub Ltd.

 

111,069

 

9,000

 

 

 

United Overseas Bank Ltd.

 

116,617

 

35,000

 

 

 

United Overseas Land Ltd.

 

96,512

 

 

 

 

 

 

 

1,000,169

 

 

 

 

 

Spain: 1.5%

 

 

 

41,194

 

 

 

Banco Bilbao Vizcaya Argentaria S.A.

 

425,130

 

25,306

 

 

 

Banco Popular Espanol S.A.

 

127,163

 

89,654

 

 

 

Banco Santander Central Hispano S.A.

 

902,095

 

14,559

 

 

 

Criteria Caixacorp S.A.

 

61,539

 

22,460

 

 

 

Enagas

 

364,617

 

7,938

 

 

 

Inditex S.A.

 

438,892

 

6,975

 

 

 

Red Electrica de Espana

 

273,642

 

51,215

 

 

 

Telefonica S.A.

 

972,401

 

 

 

 

 

 

 

3,565,479

 

 

 

 

 

Sweden: 1.0%

 

 

 

10,527

 

 

 

Atlas Copco AB - Class A

 

148,499

 

27,411

 

 

 

Atlas Copco AB - Class B

 

352,038

 

11,443

 

 

 

Getinge AB

 

225,043

 

9,538

 

 

 

Investor AB

 

152,979

 

7,223

 

 

 

Kinnevik Investment AB

 

112,702

 

29,603

 

 

 

Nordea Bank AB

 

241,328

 

4,461

 

 

 

Ratos AB

 

111,537

 

38,087

 

 

 

Svenska Cellulosa AB - B Shares

 

437,990

 

2,051

 

 

 

Svenska Handelsbanken AB

 

49,528

 

41,706

 

 

 

Telefonaktiebolaget LM Ericsson

 

418,962

 

 

 

 

 

 

 

2,250,606

 

 

 

 

 

Switzerland: 3.1%

 

 

 

3,172

 

@

 

ABB Ltd.

 

53,949

 

15,622

 

 

 

Compagnie Financiere Richemont S.A.

 

507,565

 

13,145

 

 

 

Credit Suisse Group

 

507,364

 

7,728

 

 

 

Holcim Ltd.

 

486,594

 

27,089

 

 

 

Nestle S.A.

 

1,222,522

 

24,912

 

 

 

Novartis AG

 

1,123,282

 

1,541

 

 

 

Pargesa Holding S.A.

 

102,667

 

8,113

 

 

 

Roche Holding AG - Genusschein

 

1,110,872

 

1,570

 

 

 

Swatch Group AG - BR

 

408,153

 

471

 

@

 

Swiss Life Holding

 

49,919

 

5,628

 

 

 

Swiss Reinsurance

 

227,901

 

1,734

 

 

 

Synthes, Inc.

 

182,450

 

31,888

 

@

 

UBS AG - Reg

 

422,490

 

22,262

 

 

 

Xstrata PLC

 

323,190

 

1,897

 

 

 

Zurich Financial Services AG

 

385,441

 

 

 

 

 

 

 

7,114,359

 

 

 

 

 

United Kingdom: 7.0%

 

 

 

12,479

 

@

 

Anglo American PLC

 

476,246

 

16,629

 

 

 

AstraZeneca PLC

 

699,038

 

3,749

 

@

 

Autonomy Corp. PLC

 

94,404

 

44,247

 

 

 

Aviva PLC

 

203,020

 

132,660

 

 

 

Barclays PLC

 

578,681

 

37,307

 

 

 

BG Group PLC

 

567,967

 

12,054

 

 

 

BHP Billiton PLC

 

329,579

 

157,326

 

 

 

BP PLC

 

1,121,509

 

32,092

 

 

 

British American Tobacco PLC

 

942,248

 

16,927

 

 

 

Capita Group PLC

 

189,711

 

47,771

 

 

 

Compass Group PLC

 

367,740

 

30,519

 

 

 

Diageo PLC

 

465,662

 

43,081

 

 

 

GlaxoSmithKline PLC

 

716,491

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of May 31, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

 

United Kingdom (continued)

 

 

 

5,656

 

 

 

Group 4 Securicor PLC

 

$

21,363

 

167,312

 

 

 

HSBC Holdings PLC

 

1,508,174

 

20,378

 

 

 

ICAP PLC

 

113,380

 

23,715

 

 

 

Imperial Tobacco Group PLC

 

614,263

 

20,289

 

 

 

Inmarsat PLC

 

220,529

 

96,980

 

 

 

International Power PLC

 

403,017

 

21,299

 

 

 

Invensys PLC

 

84,698

 

15,713

 

 

 

Investec PLC

 

110,795

 

20,318

 

 

 

J Sainsbury PLC

 

94,648

 

16,204

 

 

 

Kazakhmys PLC

 

274,900

 

50,010

 

 

 

Kingfisher PLC

 

160,605

 

95,851

 

 

 

Legal & General Group PLC

 

108,893

 

309,433

 

@

 

Lloyds TSB Group PLC

 

250,303

 

10,049

 

 

 

London Stock Exchange Group PLC

 

92,489

 

41,992

 

 

 

Man Group PLC

 

140,466

 

33,883

 

 

 

National Grid PLC

 

244,657

 

98,288

 

 

 

Old Mutual PLC

 

161,030

 

32,230

 

 

 

Pearson PLC

 

440,703

 

7,019

 

 

 

Petrofac Ltd.

 

113,486

 

15,404

 

 

 

Prudential PLC

 

120,088

 

4,102

 

 

 

Reckitt Benckiser PLC

 

190,949

 

14,803

 

 

 

Rio Tinto PLC

 

679,354

 

5,619,060

 

@

 

Rolls-Royce Group PLC - C Shares

 

8,126

 

61,234

 

@

 

Rolls-Royce Group PLC

 

518,496

 

21,254

 

 

 

Royal & Sun Alliance Insurance Group

 

35,805

 

34,373

 

@

 

Royal Bank of Scotland Group PLC

 

22,910

 

1,325

 

 

 

Scottish & Southern Energy PLC

 

20,042

 

3,560

 

 

 

Shire PLC

 

72,447

 

20,287

 

 

 

Smith & Nephew PLC

 

182,710

 

4,440

 

 

 

Smiths Group PLC

 

65,913

 

22,744

 

 

 

Standard Chartered PLC

 

535,077

 

11,951

 

 

 

Standard Life PLC

 

31,158

 

26,365

 

 

 

Tesco PLC

 

156,299

 

7,808

 

 

 

Tomkins PLC

 

27,403

 

12,897

 

 

 

Unilever PLC

 

346,349

 

530,270

 

 

 

Vodafone Group PLC

 

1,050,365

 

900

 

 

 

Whitbread PLC

 

17,878

 

3,399

 

 

 

WPP PLC

 

31,844

 

 

 

 

 

 

 

16,023,908

 

 

 

 

 

United States: 55.3%

 

 

 

12,100

 

 

 

3M Co.

 

959,651

 

37,101

 

 

 

Abbott Laboratories

 

1,764,524

 

11,278

 

 

 

Aflac, Inc.

 

499,615

 

7,100

 

S

 

Alcoa, Inc.

 

82,644

 

3,700

 

 

 

Altera Corp.

 

87,209

 

51,800

 

 

 

Altria Group, Inc.

 

1,051,022

 

3,700

 

@

 

Amazon.com, Inc.

 

464,202

 

2,100

 

 

 

American Electric Power Co., Inc.

 

67,116

 

27,900

 

 

 

American Express Co.

 

1,112,373

 

2,100

 

@

 

American International Group, Inc.

 

74,298

 

3,100

 

 

 

Ameriprise Financial, Inc.

 

123,349

 

19,052

 

 

 

AmerisourceBergen Corp.

 

595,947

 

20,669

 

@

 

Amgen, Inc.

 

1,070,241

 

2,600

 

 

 

Amphenol Corp.

 

110,240

 

11,800

 

 

 

Anadarko Petroleum Corp.

 

617,494

 

9,100

 

 

 

Analog Devices, Inc.

 

265,447

 

1,900

 

 

 

Apache Corp.

 

170,126

 

11,903

 

@

 

Apple, Inc.

 

3,060,975

 

9,866

 

 

 

Archer-Daniels-Midland Co.

 

249,314

 

500

 

 

 

Assurant, Inc.

 

17,350

 

100,100

 

 

 

AT&T, Inc.

 

2,432,430

 

500

 

@

 

Autozone, Inc.

 

95,440

 

9,800

 

 

 

Avon Products, Inc.

 

259,602

 

115,340

 

S

 

Bank of America Corp.

 

1,815,452

 

10,600

 

 

 

Bank of New York Mellon Corp.

 

288,320

 

9,400

 

 

 

Baxter International, Inc.

 

396,962

 

4,800

 

 

 

BB&T Corp.

 

145,152

 

2,000

 

 

 

Becton Dickinson & Co.

 

142,600

 

11,152

 

 

 

Bemis Co.

 

319,839

 

18,300

 

@

 

Berkshire Hathaway, Inc.

 

1,291,065

 

20,000

 

 

 

Best Buy Co., Inc.

 

845,000

 

3,400

 

@

 

Biogen Idec, Inc.

 

161,262

 

3,000

 

 

 

Boeing Co.

 

192,540

 

20,900

 

@, S

 

Boston Scientific Corp.

 

126,445

 

13,700

 

 

 

Bristol-Myers Squibb Co.

 

317,977

 

11,700

 

 

 

Broadcom Corp.

 

403,884

 

3,769

 

 

 

Brown-Forman Corp.

 

209,029

 

31,792

 

 

 

CA, Inc.

 

643,788

 

3,100

 

 

 

Capital One Financial Corp.

 

128,030

 

28,700

 

 

 

Cardinal Health, Inc.

 

989,863

 

10,000

 

@

 

CareFusion Corp.

 

254,200

 

2,400

 

 

 

Caterpillar, Inc.

 

145,824

 

10,700

 

@, S

 

CB Richard Ellis Group, Inc.

 

169,381

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of May 31, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

 

United States (continued)

 

 

 

1,700

 

@

 

Celgene Corp.

 

$

89,692

 

3,600

 

S

 

CenterPoint Energy, Inc.

 

49,032

 

4,200

 

@

 

Cephalon, Inc.

 

247,212

 

40,300

 

S

 

Charles Schwab Corp.

 

658,502

 

4,300

 

 

 

Chesapeake Energy Corp.

 

96,062

 

32,242

 

 

 

Chevron Corp.

 

2,381,717

 

400

 

 

 

Chubb Corp.

 

20,096

 

2,600

 

 

 

Cintas Corp.

 

67,600

 

73,192

 

@

 

Cisco Systems, Inc.

 

1,695,127

 

213,900

 

@, S

 

Citigroup, Inc.

 

847,044

 

500

 

 

 

Cliffs Natural Resources, Inc.

 

27,930

 

1,893

 

 

 

CME Group, Inc.

 

599,418

 

5,000

 

 

 

Coach, Inc.

 

205,550

 

18,572

 

 

 

Coca-Cola Co.

 

954,601

 

33,655

 

S

 

Comcast Corp. — Class A

 

608,819

 

2,200

 

@, S

 

Compuware Corp.

 

18,018

 

37,100

 

 

 

ConAgra Foods, Inc.

 

897,078

 

16,800

 

 

 

ConocoPhillips

 

871,248

 

2,300

 

 

 

Consol Energy, Inc.

 

83,904

 

11,900

 

 

 

Constellation Energy Group, Inc.

 

421,022

 

6,500

 

S

 

Corning, Inc.

 

113,295

 

1,400

 

 

 

CSX Corp.

 

73,150

 

8,300

 

 

 

CVS Caremark Corp.

 

287,429

 

2,000

 

S

 

D.R. Horton, Inc.

 

24,380

 

5,600

 

@, S

 

Dean Foods Co.

 

59,640

 

1,200

 

 

 

Deere & Co.

 

69,216

 

47,700

 

@, S

 

Dell, Inc.

 

635,841

 

21,400

 

@, S

 

Denbury Resources, Inc.

 

352,030

 

2,800

 

 

 

Devon Energy Corp.

 

178,780

 

28,200

 

@

 

DIRECTV

 

1,062,858

 

1,200

 

S

 

Discover Financial Services

 

16,140

 

2,100

 

@

 

Discovery Communications, Inc. - Class A

 

79,086

 

9,900

 

 

 

Dominion Resources, Inc.

 

385,704

 

5,950

 

 

 

Dover Corp.

 

267,096

 

6,200

 

 

 

Dow Chemical Co.

 

166,842

 

13,617

 

 

 

DTE Energy Co.

 

619,710

 

11,600

 

S

 

Duke Energy Corp.

 

185,136

 

143,900

 

@, S

 

E*Trade Financial Corp.

 

212,972

 

2,200

 

 

 

Eastman Chemical Co.

 

132,858

 

11,300

 

 

 

Eaton Corp.

 

790,435

 

14,616

 

@

 

eBay, Inc.

 

312,929

 

5,000

 

 

 

Ecolab, Inc.

 

236,150

 

25,300

 

 

 

EI Du Pont de Nemours & Co.

 

915,101

 

6,700

 

 

 

Eli Lilly & Co.

 

219,693

 

49,050

 

@, S

 

EMC Corp.

 

913,311

 

33,648

 

 

 

Emerson Electric Co.

 

1,562,613

 

1,400

 

 

 

Entergy Corp.

 

105,098

 

2,300

 

 

 

EOG Resources, Inc.

 

241,132

 

4,700

 

 

 

EQT Corp.

 

184,193

 

8,000

 

 

 

Exelon Corp.

 

308,800

 

3,200

 

 

 

Expedia, Inc.

 

68,992

 

2,600

 

@

 

Express Scripts, Inc.

 

261,560

 

59,162

 

S

 

ExxonMobil Corp.

 

3,576,935

 

5,400

 

 

 

FedEx Corp.

 

450,846

 

12,226

 

S

 

Fifth Third Bancorp.

 

158,816

 

200

 

@

 

First Solar, Inc.

 

22,472

 

7,100

 

 

 

FirstEnergy Corp.

 

249,991

 

100

 

@

 

Flir Systems, Inc.

 

2,849

 

1,500

 

 

 

Fluor Corp.

 

70,380

 

68,700

 

@, S

 

Ford Motor Co.

 

805,851

 

11,200

 

@

 

Forest Laboratories, Inc.

 

289,856

 

5,500

 

 

 

FPL Group, Inc.

 

274,615

 

12,200

 

 

 

Freeport-McMoRan Copper & Gold, Inc.

 

854,610

 

1,200

 

@

 

GameStop Corp.

 

27,348

 

6,300

 

S

 

Gannett Co., Inc.

 

97,902

 

22,970

 

 

 

Gap, Inc.

 

500,746

 

900

 

 

 

General Dynamics Corp.

 

61,110

 

116,316

 

S

 

General Electric Co.

 

1,901,767

 

5,400

 

@

 

Genzyme Corp.

 

262,710

 

3,200

 

@

 

Gilead Sciences, Inc.

 

114,944

 

4,405

 

 

 

Goldman Sachs Group, Inc.

 

635,465

 

2,969

 

@

 

Google, Inc. - Class A

 

1,440,499

 

13,000

 

S

 

H&R Block, Inc.

 

209,040

 

3,400

 

 

 

Halliburton Co.

 

84,422

 

6,800

 

 

 

Harley-Davidson, Inc.

 

205,428

 

3,500

 

@

 

Harman International Industries, Inc.

 

113,050

 

6,043

 

 

 

Harris Corp.

 

283,477

 

6,300

 

 

 

Hess Corp.

 

335,160

 

47,609

 

 

 

Hewlett-Packard Co.

 

2,190,490

 

6,900

 

 

 

Home Depot, Inc.

 

233,634

 

14,500

 

 

 

Honeywell International, Inc.

 

620,165

 

3,700

 

@

 

Hospira, Inc.

 

192,622

 

1,381

 

S

 

Hudson City Bancorp., Inc.

 

17,414

 

 



 

 

 

PORTFOLIO OF INVESTMENTS

ING Global Advantage and Premium Opportunity Fund

 

as of May 31, 2010 (Unaudited) (continued)

 

Shares

 

 

 

 

 

Value

 

 

 

 

 

United States (continued)

 

 

 

4,086

 

@

 

Humana, Inc.

 

$

188,160

 

76,300

 

S

 

Huntington Bancshares, Inc.

 

470,008

 

5,491

 

 

 

Integrys Energy Group, Inc.

 

248,303

 

46,402

 

 

 

Intel Corp.

 

993,931

 

1,200

 

@

 

IntercontinentalExchange, Inc.

 

139,356

 

25,389

 

 

 

International Business Machines Corp.

 

3,180,226

 

20,868

 

 

 

International Paper Co.

 

484,764

 

2,800

 

@

 

Intuit, Inc.

 

100,072

 

300

 

@

 

Intuitive Surgical, Inc.

 

96,831

 

17,486

 

 

 

ITT Corp.

 

844,224

 

200

 

S

 

Jabil Circuit, Inc.

 

2,738

 

16,900

 

@

 

Jacobs Engineering Group, Inc.

 

705,744

 

29,675

 

 

 

Johnson & Johnson

 

1,730,053

 

4,500

 

 

 

Johnson Controls, Inc.

 

128,385

 

50,857

 

 

 

JP Morgan Chase & Co.

 

2,012,920

 

100

 

@

 

Juniper Networks, Inc.

 

2,662

 

16,945

 

 

 

Kimberly-Clark Corp.

 

1,028,562

 

5,800

 

@, S

 

King Pharmaceuticals, Inc.

 

50,286

 

6,600

 

@

 

Kohl’s Corp.

 

334,950

 

6,600

 

 

 

Kraft Foods, Inc.

 

188,760

 

16,400

 

 

 

Kroger Co.

 

330,132

 

2,000

 

 

 

L-3 Communications Holdings, Inc.

 

165,260

 

4,200

 

S

 

Lennar Corp.

 

72,660

 

17,800

 

 

 

Limited Brands, Inc.

 

442,508

 

13,740

 

 

 

Lockheed Martin Corp.

 

1,098,101

 

5,400

 

 

 

Loews Corp.

 

175,554

 

1,300

 

 

 

Lorillard, Inc.

 

92,937

 

3,800

 

 

 

Macy’s, Inc.

 

84,398

 

6,400

 

 

 

Marriott International, Inc.

 

214,080

 

2,700

 

S

 

Masco Corp.

 

36,045

 

1,300

 

 

 

Mastercard, Inc.

 

262,301

 

4,800

 

 

 

Mattel, Inc.

 

103,968

 

8,200

 

 

 

McDonald’s Corp.

 

548,334

 

4,300

 

 

 

McGraw-Hill Cos., Inc.

 

119,540

 

8,389

 

 

 

McKesson Corp.

 

587,230

 

900

 

 

 

MeadWestvaco Corp.

 

21,510

 

8,500

 

@

 

Medco Health Solutions, Inc.

 

490,025

 

4,400

 

 

 

Medtronic, Inc.

 

172,392

 

32,927

 

 

 

Merck & Co., Inc.

 

1,109,311

 

1,700

 

 

 

Metlife, Inc.

 

68,833

 

9,400

 

@, S

 

Micron Technology, Inc.

 

85,446

 

121,562

 

 

 

Microsoft Corp.

 

3,136,287

 

6,100

 

 

 

Molson Coors Brewing Co.

 

250,344

 

6,800

 

 

 

Monsanto Co.

 

345,916

 

11,400

 

 

 

Moody’s Corp.

 

233,700

 

12,600

 

 

 

Morgan Stanley

 

341,586

 

9,500

 

@, S

 

Motorola, Inc.

 

65,075

 

3,300

 

 

 

Murphy Oil Corp.

 

176,154

 

5,000

 

@, S

 

Mylan Laboratories

 

97,200

 

100

 

@, S

 

Nasdaq Stock Market, Inc.

 

1,859

 

20,140

 

 

 

National Oilwell Varco, Inc.

 

767,938

 

6,300

 

@, S

 

New York Times Co.

 

58,464

 

5,200

 

 

 

Newmont Mining Corp.

 

279,864

 

66,000

 

S

 

News Corp. - Class A

 

871,200

 

4,992

 

 

 

Nicor, Inc.

 

201,727

 

4,400

 

S

 

NiSource, Inc.

 

65,824

 

3,300

 

 

 

Northrop Grumman Corp.

 

199,617

 

13,300

 

@

 

NRG Energy, Inc.

 

310,555

 

1,600

 

 

 

Nucor Corp.

 

68,880

 

9,200

 

 

 

NYSE Euronext

 

263,764

 

6,100

 

 

 

Occidental Petroleum Corp.

 

503,311

 

69,875

 

 

 

Oracle Corp.

 

1,577,079

 

6,500